Market Size And Forecast: Product Stewardship Software 2019-2024
Steve Bolton
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Executive Summary
This report helps executives at product stewardship software providers align their business strategy and performance using detailed market size and forecast data for the 2019 to 2024 period. The product stewardship software market is driven primarily by regulatory requirements for managing chemicals, materials and hazardous substances. Furthermore, product sustainability initiatives, voluntary efforts to eliminate substances of concern from consumer products, and eco-design with a circular economy focus have a growing impact on corporate spend and priorities, as brand value increasingly is tied to these initiatives. Due to this, Verdantix forecasts the global product stewardship software market will grow from $768 million in 2019 to $1.15 billion in 2024 with a 9% Compound annual growth rate. Additionally, Verdantix identifies three major trends which have materialized in the product stewardship software landscape.Market Size Data Reflects Vendor Revenues And Product Regulatory Atmosphere On A Global Level
Spend On Product Stewardship Software Will Reach $768 Million During 2019
Manufacturing-Related And Consumer-Facing Industries Will Constitute The Lion’s Share Of Global Spend On Product Stewardship Software
Product Compliance Software And Content Will Be At The Forefront Of Product Stewardship Spend
Global Spend On Product Stewardship Software Will Reach $1.15 Billion By 2024
Integrated Product Compliance And Management Support Emerges As A Potential Future Focus Of Product Stewardship Software
Figure 2. 2019 Regional Product Stewardship Software Spend ($, millions)
Figure 3. 2019 Industrial Product Stewardship Software Spend ($, millions)
Figure 4. 2019-2024 Product Stewardship Spend By Software Type ($, millions)
Figure 5. Global Product Stewardship Software Spend 2019-2024 ($, millions)
Figure 6. Regional Product Stewardship Software Spend 2019-2024 ($, millions)
Figure 7. Industrial Product Stewardship Software Spend 2019-2024 ($, millions)
About the Authors
Bill Pennington
VP Research
Bill is VP Research at Verdantix, where he leads analysis on the evolving and interconnected landscapes of EHS, quality, AI and enterprise risk management. His research helps ...
View ProfileSteve Bolton
Research Director
Steve leads the Verdantix EHS research practice, based out of our New York office. He has 25 years of experience advising on sustainability, EHS, circular economy, corporate s...
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